׉?ׁB!בCט(u׉׉ 7cassandra://X0N2xkjJB-BwzOFGe0fcBfQNopwbnoM8GwCy4rEmR_cz`׉ 7cassandra://l5TXuA-igBAvloTy0ZEHuJEMPss9H673ptpoSToiWAEM`s׉ 7cassandra://qM8cau7KZMG0Bc9P2U9s-5n5inUi8X4QTdUto91roQQ`׉ 7cassandra://-hP7i2_-uEy94DMu4BTDjipNUXd18j56iMiEGswAvLI28͠]Zb'rט(u׈׈EZb'r׉EIMAGINE IF WE COULD EMPOWER A GENERATION TO TRANSFORM “I CAN’T” INTO “I CAN.” WE CAN. TOGETHER. 2016 ANNUAL REPORT of Kentuckiana ׉ 7cassandra://qM8cau7KZMG0Bc9P2U9s-5n5inUi8X4QTdUto91roQQ`Zb'rZb'r(בCט(u׉׉ 7cassandra://0Sdb2M7zXQ2KfxkjJ2Wd_zBKDZcHRSjeGAammq5GCMQ`׉ 7cassandra://Kx4epkJ_3j8N0ZAB07DWfelc6xCaPNac3sIwrpGwEK0KB`s׉ 7cassandra://1a6wR7mKo-vD7LQobaHUFq0rdtCl_HW1Gu-4NsJ2jJIB`׉ 7cassandra://G2BLJV6l6RcE8uhW7CZV50fDPcB8AJEQddmE2LjxllYM͠]Zb'rט(u׉׉ 7cassandra://dCdKzXxaKgPugb5FedZWZQeu4UALqs1ukyASz9In1Sc`׉ 7cassandra://OkHqA0EZL9X6fLA9WWz1Gv6AAFQqiw_MkhmVAaLNGKMR`s׉ 7cassandra://5CCw8p_2c8hwHDJOKnYZi6VpWmJGmV4V5WN5ccUfF9g`׉ 7cassandra://rO5yxczz47aoKvvc9rVRwXwUQtAWF8r_7ekMuSgqS7kR͠]Zb'r׉E\Pictured on Cover: Fifth Grade Student, Kerrick Elementary, Jefferson County Public Schools ׉ 7cassandra://1a6wR7mKo-vD7LQobaHUFq0rdtCl_HW1Gu-4NsJ2jJIB`Zb'r׉E@FINANCIALLY RESPONSIBLE JA students incur less debt than their peers JA students know how to: * Create and manage a realistic budget * Improve their credit score * Utilize credit and debt appropriately * Save to achieve lifelong goals CAREER READY JA students secure employment at higher rates than their peers JA students know how to: * Demonstrate communication, critical thinking, collaboration and innovative problem solving skills * Exhibit professional behavior and strong work ethic * Apply their skills, talents and traits to high demand jobs ENTREPRENEURIAL JA students start companies at higher rates than their peers JA students know how to: * Leverage resources to start a business * Operate a business * Increase revenue and manage expenses to maximize profit * Think critically, solve problems and overcome challenges ׉ 7cassandra://5CCw8p_2c8hwHDJOKnYZi6VpWmJGmV4V5WN5ccUfF9g`Zb'rZb'r(בCט(u׉׉ 7cassandra://0X6Fvx69gyEgw8Uy2Wn3WPtJINuTOGpuspvYJHpp1MQƞ`׉ 7cassandra://kalURJHx1ZUZzY8ddCAiGhI2YaGhC040HO7NDfbHEJQk`s׉ 7cassandra://a-HhqEAQa8dNBHLvJfBmqVyg8Lwbh5zMK9RMl11ILbc%`׉ 7cassandra://oNVFvSzan7AFsUlBzMePL-2LzP--r87wCX4m5H0OxAE@͇(͠]Zb'rט(u׉׉ 7cassandra://8jpa1uiBJN802GZqWBeZJrDtxQ4mzfX-nIdix2bu3cU) `׉ 7cassandra://0JY_Ykhh1ZCZLLrnBvOJWCVHgIt2rueoEa60zfE2ZIA͈`s׉ 7cassandra://a9gO4buLyXF-8QtnGRQeG16P9M9zPEDUUtj602q05HU*(`׉ 7cassandra://-_2Ut16cZUDHp2PEr6TgvkbclQz3SQzR-rNwIXExbCQq͠]Zb'rנZb'r0s9ׁHhttp://www.JAKY.orgׁ ׁ ЈנZb'ṙ9ׁHmailto:sepeacock@jaky.orgׁ ׁ Ј׉E!PIPELINE The Junior Achievement Five Programs for a Better Future JA VOLUNTEER® IN ELEMENTARY CLASSROOMS Grades K-4 JA BIZTOWN® Grade 5 JA FINANCE PARK® Middle/High School JA INSPIRE® Middle/High School HIGH SCHOOL PROGRAMS JA Job Shadow® JA Company Program® JA Classroom Programs® ׉ 7cassandra://a-HhqEAQa8dNBHLvJfBmqVyg8Lwbh5zMK9RMl11ILbc%`Zb'r׉E You don’t need superpowers to BE A HERO. You just need to care. And, during the 201516 school year, that’s exactly what you did. You may have given your time and energy as a volunteer in the classroom, at JA BizTown, JA Finance Park, JA Inspire, or you may have contributed to our mission by investing dollars that make a real, measurable difference for Kentuckiana youth. You sent a powerful message to the young people in our region that you believe in their ability to be financially capable and tenacious. You believe in their futures...and all the things they will one day achieve in their careers. You have helped further emphasize that the skills and concepts taught in Junior Achievement programs are concepts that we, as a society, cannot afford to overlook in our school systems. It takes just one generous donor to provide the means necessary to unveil a world of possibilities to JA participants. And it takes just one passionate volunteer to ignite a new sense of hope within these children. We would like to thank you for stepping up to the plate this year and helping to show more than 62,000 of our region’s kids the possibility of what they can do if they work hard. Because of your generous contributions and time, you have helped JA take another step toward our goal of giving this generation unparalleled hope for the future and the skills to turn their dreams into reality. Superpowers or not, you’re a hero in our eyes. THANK YOU. Christopher J. Kramer Chairman YOUR NAME IS IMPORTANT! We have carefully reviewed the names listed in this report. However, in a listing of this length, errors may occur. Debra Hoffer President If your name has been omitted, misspelled or incorrectly listed, please accept our apology and bring the error to our attention so that we may correct our records. Write Junior Achievement of Kentuckiana Inc., 1401 W. Muhammad Ali Blvd., Louisville, KY 40203, call 561-KIDS or e-mail sepeacock@jaky.org Junior Achievement of Kentuckiana Inc. would like to express appreciation to the following in producing this year’s annual report: Layout Design: Derek Stiller | Printing Company: Clark and Riggs of Kentuckiana James W. Robinson Junior Achievement Center for Freedom of Enterprise 1401 W. Muhammad Ali Blvd. Louisville, KY 40203 www.JAKY.org | 502-561-KIDS Junior Achievement Supports students in public, parochial, and private schools in the following 26 counties throughout Kentucky and Indiana: Indiana Kentucky ׉ 7cassandra://a9gO4buLyXF-8QtnGRQeG16P9M9zPEDUUtj602q05HU*(`Zb'rZb'r(בCט(u׉׉ 7cassandra://S4OpeO_EmpJRuN0Q91C-rzEGU8uzw6iN6qbgvKWoaaY8`׉ 7cassandra://kx6QmztwF4dgel3t_adhia43ZaNX_aKqolkpUheNVUka`s׉ 7cassandra://Mva0C2caGIlk-CTPJ3IOurxdbrogxidVzq5-Rpuvf2M$`׉ 7cassandra://We3zuZ4TpqKRnuvmX-c21EIN7j0-dLJQ2_WTrmy0NNoR͠]Zb'rט(u׉׉ 7cassandra://eoWoXNyy2rnqU8or-pcjIi_CsuAIKPxncdF4iK_0Gpww`׉ 7cassandra://pUMpsllKwQTuZ4X46zsQMKxl9dH6kPYiqMvFIsJ2NLEb`s׉ 7cassandra://_WaJeWoyUxv4OOs4mae_gTcj6ipE7hNgF0-LBWuKiiM!9`׉ 7cassandra://ujzplGuyOc-neM-3P9h4HWhvjSk4yMhByy2wVb61fX4ϩ͠]Zb'rנZb'rU̫9ׁHhttp://bellarmine.edu/explore.ׁ ׁ Ј׉E“ PERHAPS I AM STRONGER THAN I THINK. —Thomas Merton At Bellarmine, educational success is made attainable with the help of dedicated faculty and advisors. All students are able to sign up for the courses they need to complete their majors, guaranteeing graduation within four years. For more information or to schedule a campus tour, visit bellarmine.edu/explore. Explore the world. Start within. “ ׉ 7cassandra://Mva0C2caGIlk-CTPJ3IOurxdbrogxidVzq5-Rpuvf2M$`Zb'r׉EPLANT TREES, SO THAT OTHERS MIGHT ENJOY THEIR SHADE. OWSLEY BROWN II (1942–2011) REFERENCING A FAVORITE GREEK PROVERB BROWN-FORMAN CONGRATULATES 2017 JUNIOR ACHIEVEMENT HALL OF FAME LAUREATES: Diane B. Medley, Managing Partner, MCM CPAs & Advisors Victor A. Staffieri, Chairman, CEO and President, LG&E and KU Energy, LLC – and our own – Paul C. Varga, Chairman & Chief Executive Officer, Brown-Forman Corporation ©2017 BROWN-FORMAN, LOUISVILLE, KENTUCKY PLEASE CELEBRATE RESPONSIBLY. ׉ 7cassandra://_WaJeWoyUxv4OOs4mae_gTcj6ipE7hNgF0-LBWuKiiM!9`Zb'rZb'r(בCט(u׉׉ 7cassandra://oxFcUPS9EXulhGyqGDiI3MvNLd0DolQsg4U-eBtUl6stR`׉ 7cassandra://99Ip7A7z33sNdaImg_-CiMHX7-yVKfAYIOAeakB881Q͆/`s׉ 7cassandra://HCbZHOawWKpByaC_r2-HLk11X8R8MfIyZQD6zlLH1BU+`׉ 7cassandra://nIPxaxYdMGN96V_ZJCDnEgUN7FdPzLhiYeri3RNPRQgN͠]Zb'rט(u׉׉ 7cassandra://XnAuMrp8Y56FrJk_Vyxj221XMKbDoYbv-tGlDMSOth8 `׉ 7cassandra://11xMeMT5k3FU3NF_eGsYERhCxQiEHENkNNFdVVDFyxsͮ*`s׉ 7cassandra://atj-_3jrIWK41XU53O7n2k0Yx0Ourr9YUlBFg5Lp2u4-`׉ 7cassandra://pFWJRwnIEYvrGBj2Kf4eegwzPp0aVz7decV7tM0n6G0ɼ͠]Zb'r׉E2017 Kentuckiana Business Hall of Fame Laureates Three legendary leaders... one spectacular evening! Three of Greater Louisville’s outstanding business and civic leaders were inducted into the Kentuckiana Business Hall of Fame to benefit Junior Achievement of Kentuckiana. The event was held on Thursday, March 2, 2017 at the Louisville Marriott Downtown Marriott Ballroom. A reception honoring the inductees began at 6 p.m. followed by the awards dinner at 7 p.m. The evening, hosted by Junior Achievement of Kentuckiana along with title sponsor WDRB-TV and dinner sponsor Crowe Horwath, LLP, recognized individuals for their significant contributions to the Greater Louisville business and civic communities. Those honored demonstrate business excellence; courageous thinking and actions; vision and innovation; inspiring leadership; and community involvement. They are role models for our future generations. The Laureates are chosen by a selection committee independent of the Junior Achievement Board of Directors, staff and WDRB-TV. The Kentuckiana Business Hall of Fame was founded in 1982. These distinguished business leaders joined 110 previously honored Kentuckiana Business Hall of Fame recipients: Diane B. Medley, Managing Partner of MCM CPAs & Advisors, Victor A. Staffieri, Chairman & CEO of LG&E and KU Energy, LLC, and Paul C. Varga, Chairman & Chief Executive Officer, Brown-Forman Corporation. “What a terrific honor to be asked to serve as the Honorary Chairman of the Junior Achievement 2017 Kentuckiana Business Hall of Fame Dinner. JA teaches some of the most important skills a human being can have – a basic understanding of money, budgets, and business. These are lifelong skills that can encourage our young people to be successful in their future endeavors. For years Junior Achievement has recognized business leaders who have had a significant and positive impact in our Community and the 2017 honorees represent some of the best role models our children could ever have. Please join me in congratulating the 2017 Kentuckiana Business Hall of Fame Laureates for all that they have done for Kentuckiana and for their contributions that will inspire future business leaders.” Theodore H. Nixon, Chairman & CEO D. D. Williamson & Co., Inc. ׉ 7cassandra://HCbZHOawWKpByaC_r2-HLk11X8R8MfIyZQD6zlLH1BU+`Zb'r׉ELaureate Bios Diane B. Medley, CPA, ABV, CGMA Active in public accounting since 1981, Diane Medley co-founded Chilton & Medley in 1988 and Mountjoy Chilton Medley LLP in 2010. Diane has led the firm through several mergers and acquisitions, making MCM the largest CPA firm in the region with Victor A. Staffieri Vic Staffieri is in his 17th year as Chairman and CEO of Louisville Gas and Electric and Kentucky Utilities. The combined companies have four locations and over 300 employees. Today the firm is the 82nd-largest professional and financial services firm in the United States. As Managing Partner and Co-Founder, she was the first woman to hold this leadership position in the public accounting industry in Kentucky and is currently one of only four female Managing Partners of the Top 100 Firms in the U.S. Medley also co-founded Meritrust Wealth Management LLC, an affiliate company which provides financial planning and investment management. Diane’s other distinctions include Alumna Fellow of the Year of the University of Louisville, 2015; Women Leading Kentucky, Martha Layne Collins Award, 2015; Tower Award for Business, 2009; Business First Who’s Who in Finance and Accounting, 1995; Outstanding CPA, 1987 and Outstanding Alumnus, 1993 Award from University of Louisville Beta Alpha Psi Accounting Fraternity; Kentucky Society of CPAs Award for Highest Grades on May 1981 CPA Exam; Elijah Watt Sells Award for National High Distinction on May 1981 Exam. Diane holds several certifications, including Certified Public Accountant, Accredited in Business Valuation Certified Valuation Analyst and Chartered Global Management Accountant. She currently serves as a board member of Brinly-Hardy Inc., a private, multigenerational family company based in Southern Indiana; Vice Chair of Hardin Memorial Health Foundation; board member of Nucleus; Chair of Greater Louisville Inc.; advisory member to One Southern Indiana’s Economic Development Council; steering committee member of 2020 Women on Boards; past officer of Louisville Chapter of NAWBO; past board member of the Kentucky Society of CPAs; member of the International Women’s Forum, the AICPA, the KyCPA and the National Association of Certified Valuation Analysts. After graduating from Meade County High School in 1973, Diane attended UofL and graduated with a bachelor’s degree in commerce in 1980 with highest honors. She was the class valedictorian of the college of Business and was named Outstanding Senior in Accounting. Diane still resides in Meade County, Ky., with her husband. She frequently travels the globe and spends time with her four children and five grandchildren. guidance and annual revenues of more than $3 billion and assets in excess of $10 billion. Before assuming his current responsibilities, he served as President and Chief Operating Officer, Chief Financial Officer and General Counsel. Prior to coming to Kentucky in 1992, Vic was General Counsel of Long Island Lighting Company, a Fortune 500 Company in New York. Vic has been directly involved in the strategic transformation of LG&E and KU. He served as one of the principal negotiators in the mergers with KU in 1998 and Powergen in 2000 and then oversaw the company’s transactions with E.ON and PPL. In addition to his duties in Kentucky, Vic has served on the Board of London-based Powergen and the nine-member Executive Committee of E.ON in Düsseldorf, Germany – which was the largest investor-owned utility in the world – and he now is a part of the PPL senior leadership team. Vic has a long history of community service. He has been Chairman of the Louisville Chamber of Commerce, Chairman of the 2002 United Way Campaign, Chairman of the Coordination Council for Economic Development Efforts and Chairman of a recent statewide task force on Postsecondary Education. He was Dinner Chair for the National Conference, Junior Achievement and the Catholic Charities Foundation. Vic has served on the boards of Fifth Third Bank in Louisville, Mid-America Bancorp, The Edison Electric Institute, the Muhammad Ali Center, Leadership Louisville and Bellarmine University. In Vic’s 37-year business career, he has been fortunate to be surrounded by superbly talented individuals. In Kentucky, our utility emphasis on safety, customer service, community involvement and providing reliable energy are products of their collective efforts. Vic played football at Yale. He is a twotime All-Ivy and All East selection and a member of the quarter-century All Ivy Team. Recently Vic was honored as one of the 100 best players in the century-old history of Yale Bowl. He played on two Ivy Championship teams and was the 100th Yale football captain. Vic and his wife of 37 years, Kim, have four children. Paul Varga Paul Varga was appointed President and Chief Executive Officer of BrownForman Corporation on August 1, 2005, and became Chairman of the company in August 2007. He has been a member of the company’s board of directors since 2003. As CEO, Paul has led the company’s long-term growth strategy, resulting in the fastpaced international expansion of the business and the transformation of its portfolio of consumer brands. He has overseen the global growth of Jack Daniel’s and Woodford Reserve while acquiring and building additional strategic whiskey brands. Paul has championed people development and talent management efforts while supporting new initiatives around product development, cost containment and corporate social responsibility. In 2009, he established the office of Diversity and Inclusion and has been a strong supporter of the company’s diversity efforts worldwide. Prior to becoming CEO, Paul served as President and Chief Executive Officer of the company’s Brown-Forman Beverages subsidiary. Since he assumed responsibility for the company’s beverage business in 2003, Brown-Forman’s reported annual operating income has grown from $378 million to $1,048 million, representing a compound annual growth rate of 8% over the 12-year period. After beginning his career at Brown-Forman as a summer intern in 1986, Paul worked in Chicago, Southern California, Nashville and Louisville in a variety of positions, including many years of overseeing the company’s most important brand, Jack Daniel’s. Starting in the mid-1990s, he helped the company establish its system which today continues to provide marketing direction on behalf of BrownForman’s brands throughout the world. Paul also served as Senior Vice President and Chief Marketing Officer for Brown-Forman Beverages. global brand management Paul is a member of the board of directors for Brown-Forman and Macy’s Inc. He is a past board member of the Metro United Way, Muhammad Ali Center, the Louisville Urban League, the YMCA of Louisville and Three Chimneys Farm, a Kentucky-based thoroughbred horse business. Paul earned his bachelor of business administration degree in finance from the University of Kentucky in 1985. He went on to earn his master’s in business administration at Purdue University in 1987. Paul resides in Louisville with his wife, Melissa, and their three children. ׉ 7cassandra://atj-_3jrIWK41XU53O7n2k0Yx0Ourr9YUlBFg5Lp2u4-`Zb'rZb'r(בCט(u׉׉ 7cassandra://hmGdwFROy2eA4sir0rpL752XaOEimoQshVH-waJg1b0{`׉ 7cassandra://6ftEk4QMqmVmrKAnMfQmtogaayxd0KkLD3w1aKMB4fÁA`s׉ 7cassandra://6Wiuzk0rb2PcYurmnIPWNxRUKH8pu5aNxAmPFpeJv7g"`׉ 7cassandra://EV-OXaAKXEkJpO0CIDkX6sSMux-QQEpgkLmDJXwM2iM(͠]Zb'rט(u׉׉ 7cassandra://HkpxyUPMYXgFfOpNblFW8YZTv5pRzv-8-FsrwbxPkA0"`׉ 7cassandra://QR_woPIKiXWDuj6R42k4_71wPA1CAcj9Im1Ss8BO7wIf`s׉ 7cassandra://MqWmsUuZJhW_xYwXOW29Ik47LL-XRtZkWCzT-9ZTjL8 `׉ 7cassandra://FSSo01tY7H1QBdQgtQH89ZoJ6HeVwFMC04DT5yCcjhgI_͠]Zb'rנZb'rʁ}9ׁHhttp://www.jaky.orgׁ ׁ Ј׉EPillars of success Volunteers visited classrooms in 2015-16 school year! JA programs center around Three main pillars: * Entrepreneurship * Financial Literacy * Career and Work Readiness 1,745 ׉ 7cassandra://6Wiuzk0rb2PcYurmnIPWNxRUKH8pu5aNxAmPFpeJv7g"`Zb'r׉EWhy VOLUNTEER? Volunteers play a key role in bringing Junior Achievement to life. By sharing their personal and professional experiences and skills with students, they help them make the connection between what students are learning in school and what they will need to succeed in work and life. Junior Achievement makes volunteering fulfilling and offers flexible scheduling options. Our curriculum provides everything needed to make participation in JA interactive and engaging for students. In as little as an hour a week--or even a single morning--you can make a difference in the lives of young people. Your Junior Achievement experience will leave you feeling proud, energized, and hopeful about a better future for our young people. JA volunteers make school relevant and fun, which means kids are more likely to become contributing, successful members of our community. • JA provides the training, materials, and encouragement • You bring your great attitude, experiences and enthusiasm • The time commitment is as little as one hour a week Students develop their superpowers as they: • Learn the importance of staying in school Thank You! 1,745 volunteers made a difference by teaching JA programs in classrooms this year. To learn more, visit www.jaky.org • Are inspired by role models they might not otherwise have • Explore career options and dream big • Start to think “I can!” ׉ 7cassandra://MqWmsUuZJhW_xYwXOW29Ik47LL-XRtZkWCzT-9ZTjL8 `Zb'rZb'r(בCט(u׉׉ 7cassandra://trTJs1hIdhTXGM1tWB2s8cRDH1R96z67mfCZlkoccYA G`׉ 7cassandra://dfPMvRPLrI8Aj2usHleR0yr5R2NES6-RqB8-dhxwgHY